Filed December 20, 2011
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 111 WEST STATE STREET · MASON CITY, IA 50401 | Contract Administrator | $31,930 |
RBC WEALTH MANAGEMENT3+ years Filed as: RBC CAPITAL MARKETS LTD Service code 27 · EIN 41-1416330 3750 WASHINGTON AVE N · MINNEAPOLIS, MN 55412 | Advisory (Plan) | $28,912 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $83,132 | $59,186+40.5% | $76,768+8.3% | $56,287+47.7% |
| Participation rate | 59.3% | 75.2%-15.9pp | 77.0%-17.6pp | 69.9%-10.5pp |
| Annual return | -3.79% | 6.62%-10.4pp | 2.43%-6.2pp | -9.96%+6.2pp |
| Employer contribution / active EE | $0 | $1,759-100.0% | $2,485-100.0% | $2,111-100.0% |
| Participant deferral / active EE | $2,125 | $3,255-34.7% | $3,852-44.8% | $3,350-36.5% |
| Admin fee / account holder | $343 | $489-29.8% | $6,675-94.9% | $521-34.1% |